N.J. Stat. § 17:11D-1

Current through L. 2024, c. 87.

Section 17:11D-1 - Definitions relative to tax preparation services

As used in this act:

"Client" means an individual who engages the services of a tax preparer.

"Commissioner" means the Commissioner of Banking and Insurance.

"Refund anticipation check" means a check, stored value card, or other payment mechanism representing the actual or anticipated proceeds of the client's federal or State income tax refund which was issued by a depository institution, tax preparer, or other person that received or anticipates receipt of a direct deposit of the client's federal or State income tax refund and for which the client has paid a fee or other consideration for such payment mechanism.

"Refund anticipation loan" means a loan that is secured by, or that the tax preparer anticipates from, a client's federal or State income tax refund.

"Tax preparation services" means services provided for a fee or other consideration to a client to:

(1) assist with preparing or filing State or federal individual income tax returns;

(2) assume final responsibility for completed work on an individual income tax return on which preliminary work has been completed by another; or

(3) offer, facilitate, or make refund anticipation loans or checks.

"Tax preparer" means an individual, corporation, partnership, limited liability company, association, trustee or other entity who provides tax preparation services.

N.J.S. § 17:11D-1

Amended by L. 2022, c. 90,s. 1, eff. 8/5/2022, app. to tax filings prepared in 2023 for calendar year 2022.

Added by L. 2007, c. 258,s. 1, eff. 4/1/2008.